GAM Holding : Hedge funds lose out to equities, again

4 Traders – For hedge funds that made money this year there was only one strategy that really mattered – latching onto the stockmarket rally.

For everyone else 2013 proved another tough year as big-name funds as varied as global macro, commodity and computer-driven funds struggled to make money, eating further into the track record of these one-time ‘masters of the universe.’